In the long run, which of the following is considered a variable cost?
A) Expenditures for wages
B) Expenditures for research and development
C) Expenditures for raw materials
D) Expenditures for capital machinery and equipment
E) all of the above

Question

Quizplus · Accepted Answer

In the long run, all costs are considered variable because firms have the flexibility to adjust all inputs. This includes wages, research and development, raw materials, and capital machinery and equipment.

In the Long Run, Which of the Following Is Considered